Responsibility of the Supplier is:

1. As per INCOTERMS-2020
2. Successful Tenderer shall require to appoint Shadaran Bima Corporation for insurance coverage of the subject procurement and cost of the insurance coverage will also be borne by the supplier. 

Responsibility of the Supplier is:

1. As per incoterms-2020 rules
2. Successful Tenderer shall require to appoint Sadharan Bima Corporation for insurance coverage of the subject procurement and cost of the insurance coverage will also be borne by the supplier.
3. The supplier is responsible for collection of Bangladesh Atomic Energy Regulatory Authority (BAERA) Certificate for clearance of goods. For this purpose Atomic energy regulatory Fee must be borne by Supplier. 

The amount of Liquidated Damages is [insert between 0.03 and 0.05 percent] of the contract value as applicable, per day of delay.

Guide to application of GCC Sub Clause 34.1 above

[ Liquidated damages are equivalent to an amount to be determined in accordance with the following formulae]

T = VxPx n

Where;
T = Total amount of Liquidated Damages
V = Contract Value 
P = Percent-rate at which the Liquidated Damages shall be imposed per day of delay
n = No of days delayed for completion of incomplete supply of Goods or part thereof after the expiry of the

Intended Completion Date or extended Intended Completion Date, as applicable.
The maximum amount of Liquidated Damages for the undelivered Goods or any part thereof is [insert ≤ ten (10)] percent of the final Contract Price of the whole of the Goods and related services.

The amount of Liquidated Damages is 0.05 percent of the contract value as applicable, per day of delay.

Guide to application of GCC Sub Clause 34.1 above

[ Liquidated damages are equivalent to an amount to be determined in accordance with the following formulae]

T = VxPx n

Where;
T = Total amount of Liquidated Damages
V = Contract Value 
P = Percent-rate at which the Liquidated Damages shall be imposed per day of delay
n = No of days delayed for completion of incomplete supply of Goods or part thereof after the expiry of the

Intended Completion Date or extended Intended Completion Date, as applicable.
The maximum amount of Liquidated Damages for the undelivered Goods or any part thereof is  ten (10) percent of the final Contract Price of the whole of the Goods and related services.

The rules of procedure for arbitration proceedings shall be as follows:

(i) Contract with foreign Supplier:

GCC 46.3 (b)—Any dispute, controversy or claim arising out of or relating to this Contract, or breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the UNCITRAL Arbitration Rules as at present in force.

(ii) Contracts with Supplier national of the Purchaser’s country:

In the case of a dispute between the Purchaser and a Supplier who is a national of the Bangladesh, the dispute shall be referred to adjudication or arbitration in accordance with the laws of the Bangladesh i.e. Arbitration Act (Act No 1 of 2001) of Bangladesh as at present in force.

The rules of procedure for arbitration proceedings shall be as follows:

(i) Contract with foreign Supplier:

GCC 46.3 (b)—Any dispute, controversy or claim arising out of or relating to this Contract, or breach, termination or invalidity thereof, shall be settled by arbitration in accordance with the UNCITRAL Arbitration Rules as at present in force.

(ii) Contracts with Supplier national of the Purchaser’s country:

In the case of a dispute between the Purchaser and a Supplier who is a national of the Bangladesh, the dispute shall be referred to adjudication or arbitration in accordance with the laws of the Bangladesh i.e. Arbitration Act (Act No 1 of 2001) of Bangladesh as at present in force.